Time deposit
Whether you are looking for a short-term investment or a long-term one, you will find what you need with SAIB time deposits:
- Time deposits with fixed interest rates are available
- Time deposits are available to individuals and corporate customers
- Automatic renewal is optional upon customer’s request
- Interest is earned at maturity for time deposits starting one week and up to one year
- Interest is earned monthly, quarterly, or annually for 1 and 3 years
- Overdraft facility reaches up to 90% of the deposit
- SAIB is offering various time deposits for individuals and corporates
Long-Term Fixed Time Deposit:
| Tenor | Interest Payment Frequency | Interest Rate (P.A.) |
|---|---|---|
| 1 year (interest paid monthly) | Monthly | 10% |
| 3 Years | Monthly | 11.50% |
| 3 Years | Quarterly | 12% |
Short-Term Fixed Time Deposit:
| Tenor | Interest Type | Interest Rate (P.A.) |
|---|---|---|
| 1 week | Fixed | 5% |
| 2 week | Fixed | 5.25% |
| 1 month | Fixed | 8% |
| 3 months | Fixed | 8.25% |
| 6 months | Fixed | 8.5% |
| 1 Year | Fixed | 10.5% |
All Terms and Conditions shall apply.